lol is this even a question? Their equity business has been losing money every year. Also their NYC office on Park Ave is old and tiny. Almost all of their ops in in Charlotte as well. I think their high yield guys were killing in a few years ago.... not sure about the place now but I know the offer rate was low for interns a few years back. I'd proceed with caution and no not BB status.

To my knowledge their equity business is not losing money. Though it is much more of a FI shop. And their Park Avenue office is in the Seagram Building. Which is old (some might say classic), but not tiny.

Wells has a pretty large S&T business at this point, but it isn't a true Bulge Bracket and I don't think they intend to be one. Wells Fargo is committed to remaining a primarily US based business. They don't have much interest in building out a global i-bank, and that means that they aren't going to be lead left on the largest deals.
With that said, if you want to do sell-side S&T Wells Fargo is a pretty fantastic place to be. It's hard to appreciate if you've never worked for a different bank, but the culture is very relaxed. They're also not laying off people like crazy, which is somewhat unique in the S&T space. A lot depends on the office and you specifically, so feel free to PM me if you like.

Went through the interview process there recently for an intern position. It's definitely growing and is already a pretty big player in the asset-backed finance space. Compared to all of the other banks I interviewed at, definitely seemed like there would be a lot more career opportunities at Wells. Probably one of the only banks that hasn't been laying S&T people off left and right.

How strong is Wells Fargo S&T in comparison to some of the other larger banks? What desks are they known for? It seems they are trying to grow their trading platform. Could you guys provide an outlook on them for the future? Please provide reasons. Thanks!

Consensus seems to be growing overall and very strong in debt products, given their Balance Sheet.
Doubt their Equities S&T is much to brag about these days though if that is what you are interested in.

"Success means having the courage, the determination, and the will to become the person you believe you were meant to be"

Their Fixed Income group is very strong. Wells Fargo didn't have an investment arm prior to merging with Wachovia, so a lot of top management is still blue (Wachovia). Wells Fargo is very compliant driven, so in a sense that has stagnated the growth of the S&T group until now, the top dogs at Wells can see that it is a profitable unit.

Wells is in a good space, some would consider it a MM but they are slowing creeping into the BB ranks because they have an enormous balance sheet due to their retail arm. The only possible issue some see is that they are headquartered in SF and Charlotte as opposed to having a heavy presence in NY like most BB's. But the pay is on par with BB's.

If you're an NBA fan I'll put it to you like this GS, JPM, BAML & MS are like the Heat, Knicks, Lakers & Bulls and Wells would be considered the OKC Thunder.